News Details
Formula 1 quarterly revenue tumbles, hit by COVID-19
Formula 1 saw its second quarter 2020 revenue crash by 96 percent compared to the same period last year as Grand Prix racing's numbers suffered massively from the impact of the global COVID-19 pandemic. The sport's disrupted schedule which included no races during the April-June period logically hit commercial rights holder Liberty Media's top and bottom lines. F1's revenue crashed from $620 million for the second quarter of 2019 to a mere $24 millions for Q2 2020, with income limited to various sponsorship payments. F1 has posted a $14 million profit in the same period last year but the lack of revenue in Q2 led to a $136 million loss in the quarter. 'Extremely angry' Stroll responds to...
Full Story »
Full Story »
You May Also Be Interested In...
Ferrari’s 2020 F1 loss ‘in the high tens of...
Ferrari’s CEO Louis Camilleri says its loss of revenue from Formula...
5y ago from MotorsportWeek.com
F1 revenue crashed 96 per cent during Covid-19 lockdown
Formula 1’s revenues crashed by 96 per cent year-on-year during the...
5y ago from MotorsportWeek.com
Ferrari F1 revenue takes massive hit amid COVID-19...
Ferrari unsurprisingly announced on Monday a decline in its financials...
5y ago from F1i.com
Formula 1 revenue drops by almost $600m in second...
Formula 1 owners Liberty Media has revealed the startling cost of the...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin sought Marc Marquez’s advice before...
No description available...
21h ago from Motorsport.com
Davide Brivio: Trackhouse looking to remain Aprilia's...
Team boss Davide Brivio has revealed that Trackhouse Racing is looking to...
22h ago from MotorsportWeek.c...
Joan Mir fears early silly season could leave MotoGP...
No description available...
1d ago from Motorsport.com
Francesco Bagnaia rediscovers his ‘feeling' on...
Francesco Bagania has admitted he's rediscovered his feeling with the...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Mick Schumacher reveals what has surprised him the...
No description available...
15h ago from Motorsport.com
Honda quick in IndyCar Sebring test, Grosjean tests...
Nearly the entire IndyCar paddock was present at Sebring International...
17h ago from MotorsportWeek.c...
Jay Frye reflects on IndyCar run one year after...
No description available...
14h ago from Motorsport.com
IndyCar Sebring test: Marcus Armstrong leads Day 2,...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg keeping feet on the ground ahead of...
No description available...
1d ago from Motorsport.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
6d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Twist in the title race? Frank Leboeuf makes bold...
Former Chelsea defender Frank Leboeuf has predicted Arsenal to play out a...
40m ago from SportsKeeda.com
Kai Havertz injury blow ahead of trip to Brentford
Morning. Arsenal are in Premier League action this evening, away to...
1h ago from Arseblog.com
Report: Man United are frontrunners in race to sign...
Manchester United are reportedly emerging as the frontrunners in the race...
2h ago from CaughtOffside.com
Midfielder Arsenal could have signed in January scores...
Alex Oxlade-Chamberlain has announced his return to British football in...
3h ago from CaughtOffside.com
Comments
Hottest News
Carlos Sainz fears Red Bull ‘a clear step ahead' of...
Carlos Sainz has revealed his fears that Red... Read More »
50m ago from MotorsportWeek.com
LIVE: 2026 F1 Bahrain pre-season 1st test – Day 2
Follow along with the second day of the first... Read More »
3h ago from RacingNews365.com
Red Bull handed 'mighty impressive' verdict after GPS data...
Toto Wolff was not the only one left awed by Red... Read More »
30m ago from RacingNews365.com
